LIT (Litentry) 24-hour pump 50.09%

Gate News Bot news, on July 31, according to CoinMarketCap data, LIT (Litentry) is currently priced at 0.55 USD, with a rise of 50.09% in the last 24 hours, reaching a high of 0.70 USD and a low of 0.35 USD, with a 24-hour volume of 68,700 USD.

Litentry Foundation is dedicated to building a decentralized, privacy-preserving, and cross-chain interoperable Web3 ecosystem, allowing users to have complete control over their digital identity and data. The project provides multi-chain identity solutions, enabling users to seamlessly verify and manage their identities across multiple blockchains while maintaining control over their data. Litentry also focuses on the development of cross-chain infrastructure, supporting network development that connects various blockchain ecosystems to achieve data transmission and communication between chains. Additionally, the project supports AI-driven Web3 tool innovation to enhance the scalability, security, and user experience of decentralized applications.

Important news about LIT recently:

1️⃣ Multichain identity solutions attract attention Litentry's multi-chain identity solution has attracted widespread attention in the Web3 space. This solution allows users to seamlessly verify and manage their identity across multiple blockchain networks while maintaining full control over their personal data. This innovation is expected to significantly enhance user convenience and security in a cross-chain environment, providing potential support for the value of LIT tokens.

2️⃣ Cross-chain infrastructure development progress Litentry has made significant progress in the development of cross-chain infrastructure. It is dedicated to supporting the development of networks that connect various blockchain ecosystems, enabling data transmission and communication between chains. This technological breakthrough may establish a competitive advantage for LIT in the field of cross-chain interoperability, attracting more developers and users to join the ecosystem.

3️⃣ AI-driven Web3 tool innovation Litentry is actively promoting AI-driven Web3 tool innovation, aiming to enhance the scalability, security, and user experience of decentralized applications. This strategic layout aligns with the current AI technology boom and is expected to bring new growth points and market attention to the LIT project.

From a technical perspective, the LIT price has seen a significant rise in the short term, breaking through multiple resistance levels. However, investors should be wary of potential pullback risks. From a fundamental standpoint, Litentry focuses on addressing key issues in the Web3 ecosystem, such as authentication and cross-chain interoperability, which lays a solid foundation for its long-term development.

This message is not an investment advice, and investors should pay attention to market volatility risks.